Enablers of the Housing Bubble – … This is why I have always thought that the argument that “Fannie and Freddie did it” is a non-starter. Two reasons: 1. Loans owned by Fannie and Freddie can be a problem for the government, but they are not a problem for the financial system-… 2. Fannie, Freddie, and Ginnie were losing market share as the housing bubble grew–not gaining it. … - Brad DeLong Blog
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K&L Gates Sees Insurers, Community Banks Exempt from CFPA – By AUSTIN KILGORE – HousingWire
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GMAC Shows Limits of Resolution, Systemic Risk Proposal – Posted by: Theo Francis – The talk about a third bailout for GMAC couldn’t come at a much more awkward time for the Administration or Rep. Barney Frank (D-Mass.): They have just unveiled a package of regulatory reforms billed as the toolbox for solving the “too big to fail” conundrum. Unfortunately, GMAC highlights its weak point all too clearly. – BusinessWeek
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HAMP Read this - Sterling Technology Solutions’ Ron Morgan On HAMP Challenges – BY JOHN CLAPP – success and details how they handle HAMP – MortgageOrb
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thanks taxpayers! – BlackRock, T. Rowe Price Seek Fed Loans to Buy TALF Securities - By Miles Weiss – … The funds may be able to reap returns of 15 percent or more on commercial mortgage-backed securities while limiting losses by passing most of the credit risk to the central bank (FED), according to Scott Buchta, head of investment strategy at Guggenheim Securities LLC in Chicago. … – Bloomberg



















